They (whoever made that quote in the article) forgot a couple.
They (whoever made that quote in the article) forgot a couple.
* Lower the profit margin. This includes the salary(ies) paid to the 'top brass'.
Wonder if anyone noticed that the AVERAGE CEO salary (which would specifically INCLUDE Andy Puzder, CEO of CKE Enterprises, PARENT company of Carls, Jr. & Hardee's) has just passed $10 million per year? The whole, "If minimum wage goes up we'll go broke" whining is simply
IF the heads of the companies shoved less money in their own pockets (for Puzder, let's say to $5 million), there would be more $$$ to pay those higher hourly wages (in this case alone $5 million / year more) to pay those 'exhorbitant' (LMAO!) minimum wage increases, WITHOUT raising prices one nickel OR cutting employees or employee hours.
As noted before, if minimum wage were equivalent (min. wage $$ vs. cost of living) to what it was in, say 1974, minimum wage would currently be right at $15 / hr. That would mean (or meant) that the hourly minimum wage would've have only needed to rise $.18 / hr (18 cents) per year in the last 4 decades.
18 cents per hour wasn't a 'big raise' in 1974, and even less so in 2014. WHY didn't minimum wage go up that measly $.18 / hr. per year over the last 40 years? Pretty simple. The owners of those companies chose to keep that additional income for themselves rather than include those that actually do the work. That's simply called 'greed'.
Of COURSE, the heads of those companies will respond with, "Why should *I* cut MY profit?!? *I* want every friggin' nickel I can get, who cares about the employees, that's 'their' problem!"
So, WHY should the employees, that have been denied a measly $.18 / hr. raise AND from which the company heads / owners have benefited for more than 4 decades, 'care' about those owners? WHY should those employees care about Puzder?
What, Puzder can't live off of $5 million / yr.? Poor sod...
AT one point in time, a boss who couldn't pay his employees a 'fair wage' was looked down on. Looked like a 'slum-lord' employer. Then, in the last few decades, that 'attitude' reversed to the 'Scrooge' mentality.
I HOPE the minimum wage goes to $15 / hr., where it should be relative to the last 4 decades. The owners HAVE benefited from that negligence for 40 years by skimming off that $.18 / hr. and sticking it in their own pockets.
Don't like it (owners)? Close, or do all the work yourself. Of course, IF ya close, then where's YOUR $$$ coming from? Gonna go work for some other 'slum-lord' employer for minimum wage? Good!
No worries, there'll be a NEW business open, doing the SAME thing you do, the very next day, who'll figure out they CAN pay their employees even $15 / hr. minimum wage AND still be competitive AND still make a profit.
As the owner/president/CEO/secretary...ad nauseum of my "corporation" anyone who tells me to lower my salary/profit margin/"bonus" can go fornicate themselves! That $10 or $8 am hour employee didn't risk a damned thing to work for me, he gets paid whether I make a profit or not. He works the hours allotted and gets his paycheck, some weeks and months I get nothing, yet he is still paid for the hours worked. Did HE start the business, no! Does he work 60 plus hours a week, no! Does he stress over payroll taxes, sales tax, personal property tax, no! Does he worry that there may not be money to put fuel in the trucks so he can do his job, no! His is to simply put in his hours, do his job, go home to his family, and pick up his paycheck on Friday. So far, My employees are under no illusion that the job they do is worth more than they are paid. When it comes that time, I will look for new ones. All this b..chingThey (whoever made that quote in the article) forgot a couple.
* Lower the profit margin. This includes the salary(ies) paid to the 'top brass'.
Wonder if anyone noticed that the AVERAGE CEO salary (which would specifically INCLUDE Andy Puzder, CEO of CKE Enterprises, PARENT company of Carls, Jr. & Hardee's) has just passed $10 million per year? The whole, "If minimum wage goes up we'll go broke" whining is simply
IF the heads of the companies shoved less money in their own pockets (for Puzder, let's say to $5 million), there would be more $$$ to pay those higher hourly wages (in this case alone $5 million / year more) to pay those 'exhorbitant' (LMAO!) minimum wage increases, WITHOUT raising prices one nickel OR cutting employees or employee hours.
As noted before, if minimum wage were equivalent (min. wage $$ vs. cost of living) to what it was in, say 1974, minimum wage would currently be right at $15 / hr. That would mean (or meant) that the hourly minimum wage would've have only needed to rise $.18 / hr (18 cents) per year in the last 4 decades.
18 cents per hour wasn't a 'big raise' in 1974, and even less so in 2014. WHY didn't minimum wage go up that measly $.18 / hr. per year over the last 40 years? Pretty simple. The owners of those companies chose to keep that additional income for themselves rather than include those that actually do the work. That's simply called 'greed'.
Of COURSE, the heads of those companies will respond with, "Why should *I* cut MY profit?!? *I* want every friggin' nickel I can get, who cares about the employees, that's 'their' problem!"
So, WHY should the employees, that have been denied a measly $.18 / hr. raise AND from which the company heads / owners have benefited for more than 4 decades, 'care' about those owners? WHY should those employees care about Puzder?
What, Puzder can't live off of $5 million / yr.? Poor sod...
AT one point in time, a boss who couldn't pay his employees a 'fair wage' was looked down on. Looked like a 'slum-lord' employer. Then, in the last few decades, that 'attitude' reversed to the 'Scrooge' mentality.
I HOPE the minimum wage goes to $15 / hr., where it should be relative to the last 4 decades. The owners HAVE benefited from that negligence for 40 years by skimming off that $.18 / hr. and sticking it in their own pockets.
Don't like it (owners)? Close, or do all the work yourself. Of course, IF ya close, then where's YOUR $$$ coming from? Gonna go work for some other 'slum-lord' employer for minimum wage? Good!
No worries, there'll be a NEW business open, doing the SAME thing you do, the very next day, who'll figure out they CAN pay their employees even $15 / hr. minimum wage AND still be competitive AND still make a profit.
